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News about Mortgages:
FINANCE: Bailout billions not making loans easier to find - North County TimesThe U.S. government has pumped billions of dollars into the nation's banking system, yet borrowing money remains an obstacle for some consumers, mortgage brokers said last week. The two behemoths that oversee the nation's finances, the Federal ...
Site Presented By - SalonEconomists were anticipating a bad jobs report for November, but the new numbers, by any standard, are shocking. The Department of Labor reported that non-farm payrolls in the U.S. declined by 533,000 in November. That would make 1.2 million jobs ...
More Business - San Francisco Gate"A house is only worth what the bank says," said Terry Hastings, a partner at Hamilton Mortgage, in Ridgefield, Conn. "It's not worth what the buyer says anymore." Mortgage lenders determined to stave off additional losses are demanding more thorough ...
Send us Your Views - New Zealand Herald BlogsThe Official Cash Rate axe has swung again, with Reserve Bank Governor Alan Bollard cutting official interest rates by 150 basis points - a 1.5 per cent cut leaving the rate at 5 per cent. A cut of this scale would have been unimaginable just 12 ...
RAM Holdings Announces Commutation of $10.6 Billion Par MBIA Portfolio ... - Businesswire.comHAMILTON, Bermuda--( BUSINESS WIRE )--RAM Holdings Ltd. (Nasdaq:RAMR) today announced that its operating subsidiary, RAM Reinsurance Company Ltd. ("RAM Re") has entered into a Commutation Agreement, effective November 30, 2008, to commute its entire ...
ACT houses most affordable in Australia - Australian Broadcasting Corp.Canberra's housing market is the most affordable in the country, according to new figures released today by the Real Estate Institute (REI). The report says Canberrans spend an average 21.9 per cent of their weekly income on mortgage repayments ...
Foreclosures stay steady in '08 - Middletown JournalWhile foreclosure numbers have remained steady in Butler County throughout the year, this month could prove to be the worst yet. According to figures released by the Butler County Sheriff's Office, 1,340 properties have been sent to foreclosure ...
Grim data crush 5-day stock rally - Los Angeles TimesTraders grapple with a troubling day on the floor of the New York Stock Exchange. New evidence of a softening global economy sends the Dow tumbling 679 points. Manufacturing activity hits a 26-year low. Reporting from New York -- The only thing Wall ...
Stocks fall sharply on consumer spending worries - Los Angeles TimesReporting from New York -- With the long Thanksgiving weekend over, nail biting returned to Wall Street today. Fresh evidence of a softening global economy, along with profit-taking after last week's big rally, put a decisive end to the stock market ...
New Farm median house price surges to $1 million - News.com.auHOUSE hunters are in danger of being locked out of the inner-city Brisbane market, with the median price in New Farm having surged above $1 million. According to RP Data figures, a 12 per cent increase in the median house price (to $1.1 million) in ...
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